Tag: delinquent mortgage
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Freddie Mac Auctioning $410 Million of Delinquent Inventory
In a move to reduce illiquid assets, Freddie Mac is auctioning $410 million of delinquent mortgage loans. The Government-Sponsored Enterprise (GSE) recently concluded the offer period for the major sale. This latest auction of Freddie Mac’s inventory marks the second time the GSE has held a major auction to clean its portfolio.